OverCastle28

OverCastle28 OP t1_j6ou85s wrote

So let’s say I go to a new job since the one I’m at is getting ready to remodel, can this 401K be transferred over now or is it too late since I got a letter in the mail saying if I do not request my distribution by March 8th, my account balance will be forced out of the plan?

1

OverCastle28 OP t1_j6ou75w wrote

So let’s say I go to a new job since the one I’m at is getting ready to remodel, can this 401K be transferred over now or is it too late since I got a letter in the mail saying if I do not request my distribution by March 8th, my account balance will be forced out of the plan?

0

OverCastle28 OP t1_j6ou6b6 wrote

So let’s say I go to a new job since the one I’m at is getting ready to remodel, can this 401K be transferred over now or is it too late since I got a letter in the mail saying if I do not request my distribution by March 8th, my account balance will be forced out of the plan?

1

OverCastle28 OP t1_j6orxo4 wrote

Then out of these options what am I even supposed to check for a cash out?

Trying to cash my 401K out since I never signed up for it. Which option do I do?

A lump sum cash distribution of my vested balance, less any income tax withholding. A direct rollover of my vested balance to an IRA or a qualified retirement plan. A direct roll over of a portion of my vested balance, with the remaining amount paid as a cash distribution, less any income tax withholding.

1